Verb Technology Co Inc Stock Price, News & Analysis

VERB Technology Company (Nasdaq: VERB) announced its rank as the top direct selling app by Social Selling News, based on clients invoiced over the last 12 months. The company's sales enablement platform, verbCRM, supports direct selling through enhanced content sharing, engagement tracking, and training capabilities. The President of Direct Sales, McKinley Oswald, emphasized the team's dedication to improving client value. The company continues to expand its software offerings and reach, serving clients in over 100 countries.

Verb Technology Company reported strong Q1 2022 results, with SaaS recurring revenue increasing by 37% compared to Q1 2021. The gross profit also saw a substantial rise of 31%. SaaS recurring revenue now comprises 93% of total digital revenue, a significant increase from 81% in the previous year. The company successfully reduced R&D operational costs by 45% year-over-year. Total digital revenue grew 19%, reflecting a positive trend leading into the upcoming Market Livestream Shopping Festival on July 26-28.

Wander Beauty, an award-winning cosmetics brand, is returning to MARKET, VERB's livestream shopping platform, for another shopping event on May 27, 2022, at 2 p.m. ET. This comes after a successful initial livestream that garnered positive feedback. The brand boasts over 30 awards and has celebrity fans like Heidi Klum and Sarah Jessica Parker. VERB's MARKET is designed for 24/7 livestream shopping, enhancing customer engagement through real-time interactions. CEO Rory J. Cutaia highlighted the platform's potential to revolutionize social entertainment.

Verb Technology Company (Nasdaq: VERB) has partnered with Momentum Factor to offer the first social compliance solution for direct sales companies. By integrating Momentum Factor's FieldCheck platform with VERB's verbCRM application, representatives can ensure their social messages comply with regulatory standards. This partnership aims to enhance confidence in social sharing among sales teams while maintaining compliance with FTC and FDA guidelines. Both companies emphasize the importance of this integrated platform for client success in the direct selling industry.

Verb Technology Company (NASDAQ: VERB) will host a conference call on May 16, 2022, at 5:30 p.m. ET to discuss its financial results for Q1 2022, ending March 31, 2022. The call will be led by CEO Rory J. Cutaia and CFO Salman Khan, followed by a Q&A session. A press release with financial results will precede the call, which will also cover updates on VERB's MARKET, a new livestream shopping platform. Investors can access the call via phone or webcast, with a replay available until May 30, 2022.

Verb Technology Company (Nasdaq: VERB) has partnered with the Detroit Pistons to utilize its interactive, video-based sales solutions for enhancing digital content and marketing strategies. This multi-year collaboration aims to drive ticket and merchandise sales by creating engaging, shoppable digital experiences for fans. CEO Rory J. Cutaia highlighted the growth potential in the $600 billion sports entertainment industry, emphasizing how VERB's technology will help the Pistons connect better with their audience.

Verb Technology Company (Nasdaq: VERB) announced that Doll 10, a clean beauty brand, will begin hosting livestream shopping events on its MARKET platform starting May 2022. Doll 10, founded by Dr. Doris Dalton, offers cruelty-free beauty products without harmful ingredients. The events will allow live interactions with customers and aim to enhance product accessibility. Doll 10 has a notable presence on platforms like QVC and HSN, and the initiative marks an expansion into livestream shopping, also providing shoppable replays after events.

Wander Beauty, a celebrated global cosmetics brand, is marking its 7th anniversary with a debut livestream shopping event on the MARKET platform, powered by Verb Technology Company (Nasdaq: VERB). Scheduled for May 5, 2022, at 2 p.m. ET, the event will allow public participation from Wander Beauty's store. Known for over 30 awards and endorsements from celebrities, Wander Beauty aims to enhance customer engagement through this innovative channel. VERB's COO expressed excitement for this partnership, highlighting the user-friendly approach of their livestream shopping platform.

Verb Technology Company, Inc. (Nasdaq: VERB) announced a registered direct offering of 14,666,667 shares of its common stock and warrants, priced at $0.75 per share, aiming to raise approximately $11 million. The offering is set to close around April 25, 2022, subject to customary conditions. The securities purchase agreement reflects ongoing investor confidence in VERB and its interactive video sales applications. A.G.P./Alliance Global Partners serves as the sole placement agent for this transaction, which is structured under an effective shelf registration statement.